• Manpreet kaur Asstt.Prof. in Commerce S.D.College, Hoshiarpur


Environment, green banking, reduce, paper


The present epoch of globalisation and economic progress has added lot of comforts and luxuries to human life. But it has also lead to an alarming situation, enormous loss of bio-diversity, climate change and environmental damage. Presently all the sectors in the world economy are facing huge becalls to deal with environmental problems. Banking activities are not directly related to the environment but the external impact of their customer activities is substantial. All the sectors of the world economy have started revamp their activities to ensure the protection of our rich natural resources and environment. The banks can play an important role in promoting environmental sustainability. In an emerging economy like India, environmental management is the need of the hour. Green banking means environmental practices and reducing external carbon emissions and external emissions. This may be done in many forms such as- using online banking, financing green technology and pollution reducing projects. In the present paper the concept of green banking has been discussed in detail. The paper also highlights the benefits, products and challenges of green banking in the present times.


I. A study of green banking trends in India, International referred journal of research in management and technology, vol.11, may (2013)

II. Biswas N., Sustainable Green Banking Approach: The Need of the Hour, Business Spectrum,(1),32-38(2011)

III. Dash R.N.; “Sustainable “Green” Banking: The Story of Triodos Bank” CAB CALLING October-December,2008 p. 26-29

IV. Green Banking for Indian Banking Sector, Institute of Development and Research in Banking Technology. Publications: IDRBT (2013). Retrieved from http://www.idrbt. Banking%20Framework%20(2013).pdf

V. Green, C.F. “Business Ethics in Banking.” Journal of Business Ethics 8.8(1989): 631-634

VI. Heim, G and Zenklusen, O (2005) “Sustainable Finance: Strategy Options for Development Financing Institutions” Eco: Fact, Stampfenbachstrass, Zurich, 2005.

VII. Jan Willem van Gelder, (2006), “Sustainable Banking in Practice: A closer look at the nominees for the 2006 Financial Times Sustainable Banking Awards”, Banktrack., Profundo.

VIII. Jeucken, M. “Banking and sustainability- slow Starters are Gaining Pace.” Ethical Corporation Magazine 11(2002): 44-48.

IX. Jha N. and Bhome S., A Study of Green Banking Trends in India, International Monthly Referred Journal of Research in Management and Technology, 2 : 127-132 (2013).

X. Mishra D. K., Green Strategies: Response of Indian Banks to Climate Change.The Ecoscan, Special Issue,3:345-348(2013)

XI. Singh H. and Singh Pal B., An Effective & Resourceful Contribution of Green Banking towards Sustainability, International Journal of Advances in Engineering Science and Technology,1(2): 41-45 (2013).Retrieved from uploads/2013/01/Volume-1Number-2PP-41-45.pdf.

XII. “The Indian Banker”, monthly journal published by Indian Banks Association edition February 2010

XIII. “The Indian Banker” , monthly journal published by Indian Banks Association edition May 2010

XIV. Thompson,-Hilary-J, (1995) “The Role of Financial institutions in encouraging improved environmental”






Additional Files



How to Cite

Manpreet kaur. (2016). GREEN BANKING: NEED OF THE HOUR. International Education and Research Journal (IERJ), 2(6). Retrieved from